GET RICH QUICK – SLOWEST WAY TO WEALTH

We’ve all dreamed about it: Winning the lottery, putting your money in a scheme that promises to make you rich, inheriting millions from a wealthy great-uncle you never knew existed, pitching the perfect business idea to the perfect person at just the right time. They are so numerous we can go on and on about it.

But chasing quick riches and instant wealth is an exercise in futility. It’s like trying to get water in a big basket; it’s impossible. It doesn’t exist except by sheer luck with odds of it happening to you 1:10000000. Movies, books, and social media have sold the idea that getting rich quick is possible. But that is a lie and a way to keep you in the rat race.

The allure of fast, easy money is a mirage that can lure you down a dark path. You risk emotional and financial devastation, as well as wasted energy and resources. And yet, people can’t seem to let go of searching for ways to skip work and go straight to the wealth.

It is very unlikely and near impossible — always has been, and always will be. I will now share with you some reasons why;

1) The law of equity (what you put in is what you get out ) – The effort you put in makes you rich!

The human mind, body, and soul is built for efficiency. Think about what happens when you decide to start exercising. At first, your movements are awkward. You lack coordination and you wear yourself out quickly. But a funny thing happens over time — you adapt. You not only get better at performing the exercises, but your body also adjusts and finds ways to perform the movements more efficiently in order to conserve energy.

The same thing is true when it comes to building wealth. It is natural to look for ways to get as far as you can with as little effort as possible, but there will always be a limit. Working out physically allows your body to adapt by building muscle memory, strength, and endurance. Similarly, as you build wealth, you develop patience, mental strength, and the stamina you need to sustain your money over time. And just like with exercise, getting rich is generally an equitable endeavor — at least initially. You only get out what you put in.

The bottom line is obtaining wealth — or anything of value — is usually attached to hard work, patience, and growth over time. You need to consistently work hard and see your progress increase over time.

2) Easy come easy go!

There are countless stories of people who come into a tremendous amount of money only to find themselves back where they started shortly thereafter. According to the National Endowment for Financial Education, 70 percent of people who win the lottery or get a big windfall all at once go broke within a few years.

Getting money and keeping it are two entirely different things. When you get something quick — without having to work and sweat for it — you don’t value it as much. And what you don’t value, you won’t protect. One of the biggest problems when people get a sudden windfall is that they give too much away and they fail to properly keep track of what they get. When you get money quickly but haven’t learned how to properly manage the little you had before, you simply repeat the same cycles but on a much larger scale.

When you aren’t used to having, tracking, and managing large sums of money, it’s really easy for you to lose it. There are people out there waiting for an opportunity to separate someone like you from your cash. Just like you want a quick buck, so does everyone else. And while your value system may only allow you to go so far to get it, others are far less scrupulous.

Which brings me to the next why;

3) A fool and his money are soon parted!

Get rich quick schemes are never advertised as such. They are shrouded in mystery and secrecy. And who doesn’t love a good secret? Especially one that can make you rich and elevate you above the rest of us mere mortals?

Most get rich quick schemes play on your desire for lopsided outcomes. Again, looking for a way to maximize impact and to gain ground quickly is completely natural and strategic. It doesn’t make you a bad person. But it can make you a target.

The best approach to take when it comes to investment pitches and business propositions is to keep it simple. You are not a financial expert nor a business mogul. Don’t pretend to be one. If you don’t know, you don’t know. Not knowing or understanding an investment or proposal is a key indicator that you need to back away from the table or do some research and learning.

If it seems to good to be true, it is! Don’t let greed and/or arrogance push you into falling for fool’s gold. Scam artists do what they do for a living. It’s not a game for them. Humbly admitting that you don’t understand the venture and gracefully bowing out can save not only money, but time and headaches as well.

4) It requires wisdom/time to make money & be rich!

Luck has very little to do with becoming wealthy. The ability to recognize and capitalize on a good opportunity is not happenstance. It takes wisdom to build and keep wealth. And building wealth slowly and experiencing the highs and lows of money management is what helps you gain wisdom.

You have to be diligent in order to truly be rich. You have to read, study, ask questions, and be willing to learn from others who are where you want to be. Being able to sniff out a con and spot a diamond among rocks takes keen senses, experience, and TIME ( It’s not Quick!)

5) Wealth is not a destination!

One of the top reasons that getting rich quick isn’t realistic is because the concept itself is misguided. What is rich? When is enough, enough? And how do you know you are actually rich? Are you “officially” rich when you reach millionaire status? Are you rich when you can buy whatever your heart desires? There are famous athletes, actors and actresses, singers, doctors, lawyers, scientist, etc. that make hundreds of thousands of dollars — millions even — but still are broke.

Wealth is a journey, not a destination. It is more than money in the bank and possessing expensive trinkets. You will gain money and you will spend it. You will earn it and lose it. Being rich is when you arrive at a place where you are able to be content with and manage what you have — no matter how much or how little.

Being rich is a state of mind and a place of peace that is not greedy and constantly reaching for more. It’s a journey of contentment. And that journey doesn’t happen overnight.

Category: General